Gut Rumbles
 

July 13, 2005

what???

How can this be true? Just two days ago, Hillary Clinton was railing against Bush for bankrupting the American economy by giving "tax cuts to the rich." Surely, SHE wouldn't lie to you!

The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.

Most of the increase in individual tax receipts appears to have come from higher stock market gains and the business income of relatively wealthy taxpayers. The biggest jump was not from taxes withheld from salaries but from quarterly payments on investment gains and business earnings, which were up 20 percent this year.

That's exactly what "tax cuts for the rich" do. It's worked every time a politician had the balls to do it (see Kennedy, Reagan AND Bush) and it always goes away when Democrats regain power and try to punish the very people who already PAY for running this country.

History doesn't lie. Politicians do.

Comments

Uh, last time I noticed, she and Bill were doing allright themselves and I certainly would consider them rich. I haven't heard about them giving their tax breaks back. Have you? They sure as hell are doing WAY better than I am.

Posted by: DrugStore Cowboy on July 13, 2005 03:11 PM


That's exactly what "tax cuts for the rich" do. It's worked every time a politician had the balls to do it (see Kennedy, Reagan AND Bush) and it always goes away when Democrats regain power and try to punish the very people who already PAY for running this country.

History doesn't lie. Politicians do.
-Acidman

You might want to check your history books again Acidbrain. Reagan cut taxes for the rich, but the economy during the 80's plummeted and he left office with such a huge budget deficit that when Bush 41 took over, he had to raise taxes even after he lied to the American people and said "Read my lips, no new taxes". And Bush 41 left office with the largest budget deficit in history until his dumbass son came along later and created an even bigger deficit. Clinton left office with the largest budget SURPLUS in history. Check your facts. These sorry ass tax cuts by Bush 43, especially during a time of war have been incredibly irresponsible and have put a tremendous strain on every state in the nation. State and local budgets have been cut for so many necessary agencies across the nation, that we will be trying to repair the damage for years to come.

PJ

Posted by: PJ on July 14, 2005 03:30 AM

You got that right, Rob. One of the things they "forget" with that "tax cuts for the rich" bullshit. They never mention all the people who have been removed from the tax rolls because of the tax cuts and the raising of the income threshold for paying taxes. I dunno if it's in the millions, but it's a significant number.

Posted by: StinKerr on July 14, 2005 03:32 AM

Fuck you again pj.
I suggest that you don't like it here' well then, LEAVE!
jp? What did clinton givie us?!
FUCK YOU PJ
You don't know shit
You would be best to keep your mouth shut....
MURRY

Posted by: murry on July 14, 2005 09:21 AM


Another fine educated debate from you Murry. Nice job once again. You sure proved me wrong, but your mommy is calling so you better go now.

PJ

Posted by: PJ on July 15, 2005 05:00 AM
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